Coinbase today announced the launch of its subscription service, Coinbase One. 

In a Thursday blog post, the San Francisco-based cryptocurrency exchange said users would be able to pay a monthly bill in order to get trading fees slashed. 

The service will also give customers access to 24/7 customer support and lower commissions for staking, Coinbase said. It will be available first for customers in the States, U.K., Germany, and Ireland.

Staking is the process of “locking-up” cryptocurrency to keep a blockchain’s network running. Those who hold proof-of-stake assets—such as Ethereum (ETH), the second largest cryptocurrency by market capitalization—pledge it to the network by sending it to a specific blockchain address and can receive rewards for doing so. 

Crypto exchanges like Coinbase are aiming to take over this process for users—but third parties getting involved has been controversial. In February the U.S. Securities and Exchange Commission hit American crypto exchange Kraken with a $30 million fine for allegedly failing to register the offer and sale of its crypto asset staking-as-a-service program. 

Coinbase added today that One

Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details